Fig. 20From: Unemployment dynamics and the Beveridge curve in GreeceImpulse responses to a negative economic activity shock (in p.p.). a The response of quarterly GDP growth rate. b The response of inflow rate (s) to unemployment. c The response of outflow rate (f) from unemployment. d The response of the job vacancy rate. Notes: The solid black line represents the response of the variable of interest to the exogenous negative shock on quarterly output growth; the two round-dotted black lines are the 68Â % confidence bands. The exogenous decline in quarterly output growth is modeled to be 1 percentage point (p.p). Standard errors have been calculated by bootstrapping the residuals (1000 replications were performed)Back to article page